Miners will be 'broke' after Ethereum makes the switch to a PoS blockchain, with a multibillion-dollar industry vanishing overnight, according to ChandlerGuo 👀 Meanwhile, justinsuntron Ethereum to remain PoW. More opinions on CMC Podcast 👇
Miners will be "broke" after Ethereum makes the switch to a Proof-of-Stake blockchain — with a multibillion-dollar industry vanishing overnight.
But Proof-of-Work has been criticized for the vast amounts of energy it uses, amid fears such networks could end up contributing to climate change. He went on to describe miners as "the biggest shareholder of this community" — and despite this, they're now being pushed to the side and kicked out of business.
However, Sun admitted that he doesn't expect The Merge itself to go wrong from a technical standpoint because preparations have been taking place for years.He questioned whether the arrival of centralized stakers — through exchanges like Coinbase — could make it easier for transactions to be sanctioned.
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